Stem Announces First Quarter 2026 Results
Stem reported Q1 revenue of $29.0 million, down 11% year-over-year due to reduced battery hardware sales, but achieved its fourth consecutive quarter of positive adjusted EBITDA at $2.0 million. Operational metrics showed strength with non-GAAP gross margins expanding to a record 52%, driven by a 16% year-over-year increase in PowerTrack software revenue.
Key figures
- Revenue
- 29000000
- Guidance
- FY26 Revenue $140M-$190M, Adj EBITDA $10M-$15M (reaffirmed)
- Revenue Yoy
- -11%
- Arr
- 61200000
- Carr
- 67200000
- Adjusted ebitda
- 2000000
- Gaap gross margin
- 38%
- Cash and equivalents
- 36586000
- Non gaap gross margin
- 52%
AI analysis
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